Hanesbrands (HBI)

 

On December 14, 2006, the Company issued $500,000 aggregate principal amount of Floating Rate Senior Notes due 2014. The Floating Rate Senior Notes are senior unsecured obligations that rank equal in right of payment with all of the Company’s existing and future unsubordinated indebtedness. The Floating Rate Senior Notes bear interest at an annual rate, reset semi-annually, equal to the London Interbank Offered Rate, or LIBOR, plus 3.375%. Interest is payable on the Floating Rate Senior Notes on June 15 and December 15 of each year beginning on June 15, 2007. The Floating Rate Senior Notes will mature on December 15, 2014. The net proceeds from the sale of the Floating Rate Senior Notes were approximately $492,000. These proceeds, together with working capital, were used to repay in full the $500,000 outstanding under the Bridge Loan Facility. The Floating Rate Senior Notes are guaranteed by substantially all of the Company’s domestic subsidiaries. The Floating Rate Senior Notes are redeemable on or after December 15, 2008, subject to premiums based upon timing of the prepayments.

 

 

On December 14, 2006, the Company issued $500,000 aggregate
principal amount of Floating Rate Senior Notes due 2014. The
Floating Rate Senior Notes are senior unsecured obligations that
rank equal in right of payment with all of the Company’s
existing and future unsubordinated indebtedness. The Floating
Rate Senior Notes bear interest at an annual rate, reset
semi-annually, equal to the London Interbank Offered Rate, or
LIBOR, plus 3.375%. Interest is payable on the Floating Rate
Senior Notes on June 15 and December 15 of each year beginning
on June 15, 2007. The Floating Rate Senior Notes will
mature on December 15, 2014. The net proceeds from the sale
of the Floating Rate Senior Notes were approximately $492,000.
These proceeds, together with working capital, were used to
repay in full the $500,000 outstanding under the Bridge Loan
Facility. The Floating Rate Senior Notes are guaranteed by
substantially all of the Company’s domestic subsidiaries.
The Floating Rate Senior Notes are redeemable on or after
December 15, 2008, subject to premiums based upon timing of
the prepayments.